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Nov 30, 2012
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rick, thanks guys. the housing market is in the middle of a tenuous recovery and the fiscal cliff could come along and derail it completely. why we could be waving good-bye to short sales at the end of the year. more on that after a short break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from bro
rick, thanks guys. the housing market is in the middle of a tenuous recovery and the fiscal cliff could come along and derail it completely. why we could be waving good-bye to short sales at the end of the year. more on that after a short break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever...
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Nov 13, 2012
11/12
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rick, talk to you in a few moments. rick santelli in chicago. still ahead, the real cause of the financial cliff. plus, fresh off the "motor trend" magazine naming his model "s" sedan the 2012 car of the year, elon musk, the ceo tesla will join us at post nine. >>> if a budget is not agreed upon to avoid the fiscal cliff, the average middle class family will pay almost $2,000 more in taxes. >> that is just one of the potential consequences of going over the so-called fiscal cliff. now it's time for another capital markets op-ed. gary kaminski is here with a special guest. good morning, gary. >> good morning, carl. and we keep these running these different things related to the fiscal cliff. i know many of you are confused. many people have asked me, specifically, what does it mean for business? i am visited by peter bam, who have joined us a number of times to give us the real story on china. he's done a great job letting you know, because it's a no bs kind of segment. you write an op-ed, you run a small business, you have 80 employees, 40 in ne
rick, talk to you in a few moments. rick santelli in chicago. still ahead, the real cause of the financial cliff. plus, fresh off the "motor trend" magazine naming his model "s" sedan the 2012 car of the year, elon musk, the ceo tesla will join us at post nine. >>> if a budget is not agreed upon to avoid the fiscal cliff, the average middle class family will pay almost $2,000 more in taxes. >> that is just one of the potential consequences of going over the...
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Nov 9, 2012
11/12
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rick will bring us that. first, cramer will reel off his views on six stocks in 60 seconds, unless he adds a couple more. when you take a closer lo. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> let's get six stocks in 60 sikdz with jim. drones? >> lion tech, we deal in lead, great competitors. they say bullets are selling well. abav, dron
rick will bring us that. first, cramer will reel off his views on six stocks in 60 seconds, unless he adds a couple more. when you take a closer lo. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this....
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Nov 5, 2012
11/12
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let's go to rick santelli at the santelli exchange. what a week we have waiting for us this week, rick. >> absolutely. i'll tell you what. tomorrow can't come too quickly. not only for what we do but for the country. there are things on hold that need to be in proactive mode. prior to the crisis in 2008, the country and the populous and everybody that goes out to that i can their greatest responsibility and vote every year, every couple of years, that's a big responsibility. something happened in 2008. you know, people go with the current. you have an election, wake up the next day with continuity. 2008 was a crisis. the water turned from a steady current into white water rapids. all of the sudden we find ourself, to many, on a course that isn't exactly where the current was leading them before the crisis. that's why the 2010 midterms were a large factor in change with respect to the government. i don't think tomorrow will be any less large in terms of results. i do think people want to be proactive when the current of the country does
let's go to rick santelli at the santelli exchange. what a week we have waiting for us this week, rick. >> absolutely. i'll tell you what. tomorrow can't come too quickly. not only for what we do but for the country. there are things on hold that need to be in proactive mode. prior to the crisis in 2008, the country and the populous and everybody that goes out to that i can their greatest responsibility and vote every year, every couple of years, that's a big responsibility. something...
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Nov 16, 2012
11/12
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hey, rick. >> i am, indeed. before the special guest, you know in one of the last interviews anna schwartz world famous economist talked about that in the great depression we did have a liquidity crisis. a run on banks but she doesn't think or didn't think that we have a liquidity crisis today which is the cornerstone of many of the fed's programs and ben bernanke is an expert on the great depression but in her words problem this time is toxic balance sheets and mistrusted banks. we have our leading authority, one of my favorite authors. amity shlaes and the book is, well, "the forgotten man." a new history of the forgotten man. welcome, amity. can you weigh in on what i paraphrased? >> she was afraid dumping money was not the solution in a downturn always and more than fiscal stimulus didn't work. now what we're looking at, i mean, you raise the parallel to the great depression. what we're looking at is whether we're repeating 1936 and '37. after a democrat in that instance franklin roosevelt was re-elected and
hey, rick. >> i am, indeed. before the special guest, you know in one of the last interviews anna schwartz world famous economist talked about that in the great depression we did have a liquidity crisis. a run on banks but she doesn't think or didn't think that we have a liquidity crisis today which is the cornerstone of many of the fed's programs and ben bernanke is an expert on the great depression but in her words problem this time is toxic balance sheets and mistrusted banks. we have...
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Nov 23, 2012
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for that we go to rick santelli at the cme in chicago. rick? >> hi, david. you know many times holiday markets, you continue whatever sort of lean the markets had. that seems to be true today. the recent lean of equities is better. the lean in treasuries is more selling and pushing yields up and if you look at a 24-hour chart, you can see we're only up a basis point. you can definitely see the trend in the last couple of hours has been higher yields and a bit of a sell-off. if you look at the chart for one month, you can certainly see that we've climbed toward the top end after we broke out of that tight closing range between 1.58 and 1.61 in terms of yield. now, let's look at the currency side. on this two-day chart we overlaid the euro versus the dollar and ten-year boone rates. many are watching the euro. the more strength it gets, the more selling pressure we see in safe harvard bunds. you can clear say that it has been doing better and a lot of those stories whether it is greece or today in particular we saw better confidence out of germany. the real qu
for that we go to rick santelli at the cme in chicago. rick? >> hi, david. you know many times holiday markets, you continue whatever sort of lean the markets had. that seems to be true today. the recent lean of equities is better. the lean in treasuries is more selling and pushing yields up and if you look at a 24-hour chart, you can see we're only up a basis point. you can definitely see the trend in the last couple of hours has been higher yields and a bit of a sell-off. if you look at...
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Nov 27, 2012
11/12
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a lot of data just a few moments ago that rick brought us. let's bring in our senior economics reporter, steve liesman, looking through his rose colored glasses. >> they are neutral. they are not rose colored just for the record there. or as objective as i can be. these are pretty good numbers in the context of we were not expecting very much. the first thing i like is confidence numbers. confidence is remaining at a decent level. the pickup we had over the last several months remains in place. we're at a decent level suggesting two things. the fiscal cliff issue does not appear to be affecting the psyche of the consumer out there, which means that spending may still be okay in the holiday season. and the other thing it those relatively high levels remain in place so that's good. i have questions about what's going on on the business side. numbers not as bad as expected. business investment numbers were good after all of the economists, 90% of the economists i read were looking for negative numbers on that business investment number. communic
a lot of data just a few moments ago that rick brought us. let's bring in our senior economics reporter, steve liesman, looking through his rose colored glasses. >> they are neutral. they are not rose colored just for the record there. or as objective as i can be. these are pretty good numbers in the context of we were not expecting very much. the first thing i like is confidence numbers. confidence is remaining at a decent level. the pickup we had over the last several months remains in...
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Nov 2, 2012
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rick santelli in chicago. good morning, rick. >> reporter: good morning, melissa lee. obviously we found 84,000 jobs, revisions over the last two months, better than expected. headline nonfarm establishment survey number and if you look at the charts what's fascinating is from the five year down the curve to the short like two years, for the week you see yields still lower. but as you look at these charts, look what happens. you see 5, 10, 30, a bit of a different path, more after response deepening. that makes sense. foreign exchange, it was all about the dollar today. the dollar really likes the data. or you could say the euro and the yen didn't like the data. if you look at the euro versus the dollar you can see the euro sliding. you look at the dollar versus the yen in the second target, the dollar soaring and really making some inroads against the yen and the culmination is a good dollar index. obviously we have factory orders but that didn't going to chak the tone of the week. we have a tail wind with the better jobs report. melissa lee, back to you. >> really qu
rick santelli in chicago. good morning, rick. >> reporter: good morning, melissa lee. obviously we found 84,000 jobs, revisions over the last two months, better than expected. headline nonfarm establishment survey number and if you look at the charts what's fascinating is from the five year down the curve to the short like two years, for the week you see yields still lower. but as you look at these charts, look what happens. you see 5, 10, 30, a bit of a different path, more after...
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Nov 15, 2012
11/12
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>> no, not at all, rick. i've met with most of the house financial services including committee chair and they're adamant that the scope of the report was not to assess criminal charges. so while, sure, i'd love for the criminal case to be made in there, that just wasn't their job. their job was to assess civil liability. if you want to read about the criminal charges you can read the piece i wrote about the case against corzine on zero hedge. i'm 100% convinced that he is a criminal and he does belong in jail. >> let's switch gears for a minute, james. another issue that has continued to bug me since day one since the end of october when all of this occurred last year and that is that moving those funds they shouldn't have moved customer segregated funds was papered up with statements that were fraudulent, and this was still in october. the cftc knew these statements were fraudulent but yet they never brought it up. does this bug you as much as it bugs people in chicago? >> it does. and cme chairman duffy te
>> no, not at all, rick. i've met with most of the house financial services including committee chair and they're adamant that the scope of the report was not to assess criminal charges. so while, sure, i'd love for the criminal case to be made in there, that just wasn't their job. their job was to assess civil liability. if you want to read about the criminal charges you can read the piece i wrote about the case against corzine on zero hedge. i'm 100% convinced that he is a criminal and...
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Nov 14, 2012
11/12
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rick, let's face facts. the bull market in bonds is almost over, if not all the way over. a new bull market stocks is on the horizon some day down the road, and there's been four times this century we've had these long-term secular trading ranges. they've always ended with an inflexion point in bonds. this will end when bond inflexions head up in yield. it's happened three times in the past. this will be the fourth time. you don't want to be in bonds when that happens. you want to be in high-grade, high corporate stocks with good dividends. >> now, everybody seems to be jumping in the muni camp. obviously, fiscal cliff tax issues moving them there. you have any thoughts on muni funds with the same notion they may be on borrowed time as well. the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go sh
rick, let's face facts. the bull market in bonds is almost over, if not all the way over. a new bull market stocks is on the horizon some day down the road, and there's been four times this century we've had these long-term secular trading ranges. they've always ended with an inflexion point in bonds. this will end when bond inflexions head up in yield. it's happened three times in the past. this will be the fourth time. you don't want to be in bonds when that happens. you want to be in...
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Nov 29, 2012
11/12
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rick santelli's going to talk some housing in chicago, right, rick? >> absolutely. we have a very distinguished guest. dr. anthony sanders. he's a professor at george mason university. welcome, dr. sanders. >> thank you, rick. >> you know, today i did my first part of the santelli exchange about the road less traveled. that road is always reform. and for a very easy reason. officials have this propensity to want to get re-elected. reform usually means there's something wrong that needs to be fixed. usually when something needs to be fixed, voters get impacted. housing the topic today. fha three years below their capital requirements, which is small. it's much smaller when they don't make it. we have ed de marco out today. i really like ed de marco of the fhfa, regulator on fannie and freddie. saying housing's turning up. he's the only thing between taxpayer dollars and more programs to try to fix housing even though i think it's fixing by itself. i'm done talking. can we really do reforms to fha, to the gses? can we get away from 3% down? do you see any hope? give u
rick santelli's going to talk some housing in chicago, right, rick? >> absolutely. we have a very distinguished guest. dr. anthony sanders. he's a professor at george mason university. welcome, dr. sanders. >> thank you, rick. >> you know, today i did my first part of the santelli exchange about the road less traveled. that road is always reform. and for a very easy reason. officials have this propensity to want to get re-elected. reform usually means there's something wrong...
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Nov 21, 2012
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rick santelli's in chicago. rick? >> well, carl, as we embark on the holiday markets and it really does officially begin just about now, there's a lot of things i've learned over the years as a trader or recently being on cnbc the last baker's dozens years from traders on how to play holiday markets and many would say just avoid them. well, of course, if you're a long-term play per. if you're a stock valuation or balance sheet picker. yes, probably avoid that. but many down here if you're patient, they can find a lot of very profitable trades, so let's start in some of the easy ones. opening ranges, during holiday thin markets, what day traders love to do is use the opening range as a pivot. especially in the stock indices, so the dow futures, s&p futures, the emini futures and if by mid session, the range is larger, change that. they hit the midpoint of the session, mid session, to be your new pivot. another issue with opening range, if my mid session, the opening range is is extreme, meaning it contains the higher l
rick santelli's in chicago. rick? >> well, carl, as we embark on the holiday markets and it really does officially begin just about now, there's a lot of things i've learned over the years as a trader or recently being on cnbc the last baker's dozens years from traders on how to play holiday markets and many would say just avoid them. well, of course, if you're a long-term play per. if you're a stock valuation or balance sheet picker. yes, probably avoid that. but many down here if you're...
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Nov 19, 2012
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go ahead, rick santelli. >> thank you very much, jim. no supply this week although we do have ten-year tips on wednesday. if you look at a two-day chart you can see unlike friday which in front of a weekend a lot of things going on like the middle east, rates went down a bit. if you look at the way they're moving up a bit, we have about an eight basis point spread which is a wider spread on intraday basis low to high than on closing yield basis which if you look at the next chart clearly you see this 160 levels a major pivot and for the most part the last week and a half we have settled very close to that area. if you look at the dollar/yen, one of the big trades in foreign exchange. monster trade. almost a 3% move on the dollar versus the yen. you can clearly see today reverse just a bit but it doesn't diminish the magnificence of this one-way move and a lot has to do with politics with what's going on in japan. if you look at the last chart, this is fascinating. the fiscal cliff issue is a reason for many markets to move in the u.s. it
go ahead, rick santelli. >> thank you very much, jim. no supply this week although we do have ten-year tips on wednesday. if you look at a two-day chart you can see unlike friday which in front of a weekend a lot of things going on like the middle east, rates went down a bit. if you look at the way they're moving up a bit, we have about an eight basis point spread which is a wider spread on intraday basis low to high than on closing yield basis which if you look at the next chart clearly...
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Nov 8, 2012
11/12
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see you later, rick santelli. it's bush a rough year for the markets and all three indices down more than 2%. we'll find out if circumstances could be setting us up for another big sell-off when "squawk on the street wt streen continues. isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >> want to get more insights on the market this morning following the sell-off, jerry castelini and jim mccog with the principle of global investors. good to see you both. good to see familiar faces. correct me if i'm wrong, but you've been relatively cautious going into the election, am i right? >> well, yea, but i was seeing the vol
see you later, rick santelli. it's bush a rough year for the markets and all three indices down more than 2%. we'll find out if circumstances could be setting us up for another big sell-off when "squawk on the street wt streen continues. isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers....
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Nov 1, 2012
11/12
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rick santelli also digesting a lot of data today. rick, what do you think so far? >> oh, man, i'm telling you, i'm going to need some pepto bi ssm. but it's light and i find it very fascinating. now, if we look at the headline ism number over one year and over five years and hopefully those charts are up there, you could clearly see, there's definitely some improvement, but we are firmly in a light growth scenario. you could see on the longer term chart that we come from higher levels. but it isn't really a horrible number. let's think about the issues of the day. the election, our fiscal cliff. our neighbors in canada creating more jobs than us. maybe it's a c minus. maybe a d plus. whatever grade you want to give it, but it most definitely isn't recessi recessionary and i think that's good news. like many economists believe, is a bit out of faze and there's things we could do that would help the growth factors here. they're just heavily tied up in politics and maybe exactly one week from yesterday, maybe some of those head winds will be removed. now let's look in
rick santelli also digesting a lot of data today. rick, what do you think so far? >> oh, man, i'm telling you, i'm going to need some pepto bi ssm. but it's light and i find it very fascinating. now, if we look at the headline ism number over one year and over five years and hopefully those charts are up there, you could clearly see, there's definitely some improvement, but we are firmly in a light growth scenario. you could see on the longer term chart that we come from higher levels....
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Nov 28, 2012
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good morning, rick. >> good morning, carl. we talked about how the public was getting tagged again, big on the hook as the guarantor of various ways to guaranty teeth monies from the government for private corporations and municipalities. today extra-credit project. anybody who has students out there understanding sometimes when your grade isn't cutting the mustard, the teacher says extra credit. but i'm not talking about that. i'm talking about articles article talking about how student loans, student credit is now at a sdling wane rate. let's show the chart it surpassed cried cart debt. it's 11%, crowding out all others, who is on the hook? once again just like yesterday, you are. you are on the hook. this like health care was taken over by the government. i'm sure it's a lot easier when all the chips are on one board to ease some of these issues for students. once again you don't get to eat the meal, but may enup getting the bill. used to be called four on the floor lebeau, a lot of gm talk, a lot of talk about the volt. wh
good morning, rick. >> good morning, carl. we talked about how the public was getting tagged again, big on the hook as the guarantor of various ways to guaranty teeth monies from the government for private corporations and municipalities. today extra-credit project. anybody who has students out there understanding sometimes when your grade isn't cutting the mustard, the teacher says extra credit. but i'm not talking about that. i'm talking about articles article talking about how student...
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Nov 20, 2012
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rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you look at the shorter matures, you could almost argue that there's a fed implication here small at best. something else happened yesterday. france lost aaa rating. when we lost our aaa rating, everything rallied. it isn't necessarily true with france. now, let's start with the currency. if you look at a two-day chart of the euro, you can see there's very little movement there on a two-day which gives you a nice glimpse that it was virtually unaffected. let's look at their own backyard. look at a two-day chart of two year trades. they are
rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you...